Tullow Oil PLC (OTCMKTS:TUWOY) Sees Large Growth in Short Interest

Tullow Oil PLC (OTCMKTS:TUWOY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 625 shares, a growth of 12,400.0% from the August 31st total of 5 shares. Based on an average daily volume of 443,347 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Tullow Oil Stock Performance

Shares of OTCMKTS:TUWOY traded down $0.00 on Thursday, reaching $0.13. 111,686 shares of the company were exchanged, compared to its average volume of 363,771. The company has a 50-day moving average of $0.11 and a 200-day moving average of $0.09. Tullow Oil has a 1-year low of $0.02 and a 1-year high of $0.17.

About Tullow Oil

Tullow Oil plc is an independent oil and gas exploration and production company headquartered in London. The company focuses on finding, developing and producing crude oil and natural gas resources, primarily in offshore and onshore areas of Africa.

Tullow’s core producing assets have historically been located in Ghana, including interests in the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields. The company has also held exploration, development and production interests in other African countries, including Côte d’Ivoire, Gabon, Kenya and Uganda, although its portfolio has changed over time through asset sales and portfolio restructuring.

Founded in 1985, Tullow expanded from its early exploration activities in Africa into a significant independent upstream producer.